Tuesday , 23 January 2018
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Triumphant Aftab takes home coveted trophy

Shahid Aftab claimed the Jubilee Insurance 3rd Ranking Snooker Championship title by beating Abdul Sattar 7-4 in the final witnessed by star cricketer Shahid Afridi at the Sheraton Arcade in Karachi yesterday. Sattar had threatened to run away with the trophy in the initial stages of the contest as he was 3-1 up after four closely-fought frames. But Aftab broke ... Read More »

SECP proposed Changes in insurance rules

The proposed amendments have been published in the official gazette to elicit public comments, the SECP said in a statement on Friday.Last date for the comments on the revisions is Oct 19.The amendments deal with the exclusivity of the insurance broking licence, paid-up capital requirements, requirement to maintain a net Read More »


Mehmood Arshad is associated with Pak-Qatar Takaful Group in Pakistan and also owns Tawun. Read More »

Mercedes Most Popular Luxury Car Among U.S. Thieves

More Mercedes C-Class cars, a total of 485, were stolen during the period than any other luxury model, according to a report released today by the National Insurance Crime Bureau. Two other Mercedes models, the E-Class and S-Class, Read More »

How healthy is your life insurance policy?

Estate planning clients have purchased life insurance over the years for a variety of reasons: paying estate taxes, making charitable gifts, buying out business partners, and providing income for surviving spouses, among many others. Read More »

IGI Insurance income down by 149.8%

The first quarter of 2013 proved to be a bad period for IGI Insurance, which reported net premium revenues of Rs265.6 million up by only 10.7% compared to the corresponding period in 2012.According to a notice sent to the Karachi Stock Exchange (KSE) the slight increase in premium revenues was offset by a rapid surge in net claims, which rose ... Read More »

Board Meeting announcement by Silver Star Insurance

The Board Meeting of Silver Star Insurance Company held yesterday at Company’s Head Office, 5-Bank Square, Lahore, to consider the First Quarterly (Un-audited) Accounts for the period ended 31st March, 2013.As required by Clause xxvi of the Code of Corporate Governance, the close period to the announcement of the First Quarterly results for the period ended 31st March 2013 has ... Read More »

EFU General Investment income increased

EFU General Insurance announced its financial result for the first six months of 2013, according to which, its after-tax profit decreased 28% to Rs585.8 million compared to last year’s corresponding period.However, the after-tax profit for three months ended June 30 increased to Rs357.5 million after recording a rise of 65.8% over the similar period in 2012.The rise in the three-month after-tax profit is because of a phenomenal increase in the company’s investment income, which surged from Rs5.1 million to Rs237.7 million on a year-on-year basis. Read More »

Muhammad Ali Zeb Again appointed Adamjee Insurance Chief Executive

Once again Mr.Mohammad Ali Zeb was appointed the Chief Executive/ Managing Director of Adamjee Insurance with effect from June 4, 2013 in place of Mr. Manzar Mushtaq. Read More »

National Insurance Companies are on top of the privatisation priority list

The government has decided to speed up the privatisation of State Owned Enterprises (SOEs) and directed the Privatisation Commission to review the privatisation schedule so as to accelerate the process. An official said the privatisation of Pakistan International Airlines, Pakistan Steel Mills, insurance companies, Utilities Stores Corporation, Power Distribution Companies and National Insurance Companies are on top of the privatisation ... Read More »